Water desalination penny stocks saw their average P/B ratio increase by 0.8 points over the month, reflecting investor optimism. Chartists in the investing in penny stocks space are targeting resistance at key Fibonacci levels. Terms and Privacy Policy Your Privacy Choices CA Privacy Notice More Info The ‘pennies’ are stocks priced down in the bargain basement, below $5 per share, and that ultra-low starting point means that even a small gain in absolute value will quickly translate into triple-digit percentage gains. In the last trading week, investing in penny stocks tied to digital payment startups posted average price increases of 6.8% amid news of series-A funding rounds. Institutional tracking shows a marginal rise in small cap ETF allocations toward these names.